Shipping

05
Increasing Value
COSCO Corporation
(Singapore) Limited
Increasing Value
Our fundamental goal is to build shareholder
value by creating a business which delivers
sustainable, long-term growth. In this
respect, the ultimate evidence of our ability
to create value lies in the performance of our
share price. In large part as a result of our
restructuring initiatives, our share price has
risen an impressive 500% over the last two
years. This performance reflects the increase
in top line growth we have created in all our
core businesses, particularly ship repair and
engineering. It is also due to improving our
bottom line performance, by investing in IT
to create cost efficiencies across the group
and by deploying our capital as efficiently as
possible. We are committed to maintaining
this impressive performance by expanding
our facilities and services to capture more
growth, and by increasing the proportion
of higher-yield contracts in our earnings
base moving forward.
COSCO Corporation (Singapore) Limited Annual Report 2004